21st May 2013 07:00
John Menzies plc
Contract Renewal
21 May 2013
Telegraph is latest contract win for Menzies Distribution
Menzies Distribution (Menzies), the newspaper and magazine wholesaling division of John Menzies plc, is today pleased to confirm that it has successfully renegotiated contract terms with Telegraph Media Group (Telegraph).
The new agreement which will see Menzies continue to distribute the Telegraph's portfolio of newspaper titles in the UK and Ireland, runs until October 2019 and secures some £75m of annual trade sales value.
David McIntosh, Managing Director said,
"I am very pleased to have secured terms with the Telegraph. This renewal is a further step in underpinning our core business. With the Telegraph, News International and Marketforce now signed up to long term contracts running through to 2019 we can plan for the future knowing we have a strong core to build from."
For further information contact:
John Geddes, Group Company Secretary, John Menzies plc
| 0131 459 8180 |
Jonathon Brill/Alex Beagley, FTI Consulting
| 020 7831 3113 |
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